Ten ETPs escaped from ETF Deathwatch this month, and no new names joined the list. As a result, the total quantity of products on Deathwatch dropped to 142, consisting of 105 ETFs and 37 ETNs. The average fund on the list has $8.9 million in assets and has been on the market for 27.5 months.
All new products are given a 6-month grace period (immunity) in which to gain traction with investors before they can be considered for ETF Deathwatch. The 16 products launched in August 2010 are now eligible for inclusion, but none of them showed up on the list. It appears that August 2010 is a good vintage.
I can't recall any previous month without at least one new name joining the list. The new ETF Deathwatch criteria for 2011 should help stabilize the constituents, so maybe this won't be such a rare event going forward.
Whenever an investment segment receives an abnormal amount of media attention, the ETFs in that segment also see a pickup in activity. The energy sector has been consistently in the news the past month, which helped three energy-related ETFs come off the list. There is no discernable theme regarding the seven other escapees. iShares Russell Top 200 Index Fund (IWL) came off as asset swelled 250% from $11.8 million to $41.3 million.
ELEMENTS currently has two products with less than $1 million in assets: ELEMENTS Ben Graham Large Cap Value ETN (BVL) and ELEMENTS Ben Graham Total Market Value ETN (BVT). ELEMENTS Spectrum Large Cap US Sector Momentum ETN (EEH) saw the least amount of trading activity for the month, averaging $1779 per day. ELEMENTS offers 14 ETNs in all, and eight of them are consistently on Deathwatch.
Added To ETF Deathwatch for March:
none
Removed from ETF Deathwatch for March:
- Global X China Energy ETF (CHIE)
- iShares MSCI Emerging Markets Materials (EMMT)
- HOLDRS B2B Internet ETF (BHH)
- iPath JPY/USD Exchange Rate ETN (JYN)
- JETS Contrarian Opportunities (JCO)
- SPDR S&P International Energy (IPW)
- EGS DJ Emerging Markets Energy Titans (EEO)
- WisdomTree LargeCap Growth (ROI)
- WisdomTree Large Cap Value (EZY)
- iShares Russell Top 200 Index Fund (IWL)
Listed below are the 142 products on ETF Deathwatch for March 2011 (sorted by name).
ETF Deathwatch for March 2011
| # | Ticker Sym | ETF Name | Age (mths) | AUM (millions) | 3-mth Avg Daily $ Volume |
|---|---|---|---|---|---|
| 1 | AADR | AdvisorShares WCM/BNY Mellon Foc Gr ADR | 7.4 | $8.38 | $127,425 |
| 2 | PGD | Barclays Asian&Gulf Currency Reval. ETN | 32.8 | $4.06 | $18,872 |
| 3 | BXDC | Barclays ETN+ S&P 500 2x Short C 2009 ETN | 15.6 | $3.83 | $902,671 |
| 4 | BXDD | Barclays ETN+ S&P 500 3x Short D 2009 ETN | 15.6 | $3.50 | $785,113 |
| 5 | JEM | Barclays GEMS Currency Index ETN | 37.4 | $3.87 | $38,065 |
| 6 | ADRU | BLDRS Europe 100 ADR | 101.0 | $21.42 | $89,370 |
| 7 | GCE | Claymore CEF Index GS Connect ETN | 39.2 | $3.54 | $76,242 |
| 8 | ULQ | Claymore U.S. Cap Mkts Micro-Trm Fxd Inc | 37.1 | $4.98 | $11,685 |
| 9 | UBD | Claymore U.S. Capital Markets Bond | 37.1 | $10.42 | $61,946 |
| 10 | XRU | CurrencyShares Russian Ruble Shares | 28.0 | $5.20 | $27,944 |
| 11 | BRIS | Direxion Daily BRIC Bear 2x | 11.8 | $2.69 | $11,705 |
| 12 | BRIL | Direxion Daily BRIC Bull 2x | 11.8 | $4.33 | $148,787 |
| 13 | INDZ | Direxion Daily India Bear 2x | 11.8 | $4.74 | $269,698 |
| 14 | LHB | Direxion Daily Latin America Bear 3x | 15.1 | $3.51 | $240,735 |
| 15 | FCGS | Direxion Daily Natural Gas Related Bear 2x | 7.6 | $1.86 | $42,180 |
| 16 | RETS | Direxion Daily Retail Bear 2x | 7.6 | $2.56 | $114,604 |
| 17 | EFN | EGS DJ Emerging Markets Financials Titans | 17.7 | $10.38 | $85,195 |
| 18 | BVL | ELEMENTS Ben Graham Large Cap Value ETN | 31.0 | $0.61 | $3,141 |
| 19 | BSC | ELEMENTS Ben Graham Small Cap Value ETN | 30.9 | $2.02 | $28,219 |
| 20 | BVT | ELEMENTS Ben Graham Total Mkt Value ETN | 31.0 | $0.93 | $8,632 |
| 21 | GWO | ELEMENTS CS Global Warming ETN | 35.4 | $3.65 | $25,916 |
| 22 | DOD | ELEMENTS Dogs of the Dow Total Return ETN | 40.3 | $2.60 | $90,462 |
| 23 | FUE | ELEMENTS MLCX Biofuels ETN | 37.2 | $8.16 | $144,293 |
| 24 | WMW | ELEMENTS Morningstar Wide Moat Focus ETN | 41.0 | $8.09 | $88,450 |
| 25 | EEH | ELEMENTS Spctrm LgCap US Sector Mo ETN | 43.5 | $1.13 | $1,779 |
| 26 | FZB | FaithShares Baptist Values Fund | 14.7 | $1.50 | $4,187 |
| 27 | FCV | FaithShares Catholic Values Fund | 14.9 | $3.13 | $23,142 |
| 28 | FOC | FaithShares Christian Values Fund | 14.9 | $3.12 | $21,207 |
| 29 | FKL | FaithShares Lutheran Values Fund | 14.7 | $1.50 | $8,448 |
| 30 | FMV | FaithShares Methodist Values Fund | 14.9 | $1.55 | $7,893 |
| 31 | FVI | First Trust Value Line Equity Allocation | 51.5 | $7.49 | $38,252 |
| 32 | CHIB | Global X China Technology ETF | 14.9 | $5.30 | $60,202 |
| 33 | GVT | Grail American Beacon Large Cap Value | 22.2 | $1.68 | $7,974 |
| 34 | GMTB | Grail McDonnell Core Taxable Bond ETF | 13.2 | $2.53 | $8,305 |
| 35 | GMMB | Grail McDonnell Intermediate Municipal Bnd | 13.2 | $2.50 | $6,896 |
| 36 | RWG | Grail RP Focused Large Cap Growth ETF | 17.1 | $11.52 | $118,871 |
| 37 | RPX | Grail RP Growth ETF | 17.1 | $4.90 | $21,779 |
| 38 | EEN | Guggenheim EW Euro-Pacific LDRs ETF | 48.7 | $3.18 | $10,096 |
| 39 | XGC | Guggenheim International Small Cap LDRs | 47.6 | $10.71 | $107,509 |
| 40 | OTR | Guggenheim Ocean Tomo Growth Index ETF | 47.6 | $5.82 | $72,932 |
| 41 | OTP | Guggenheim Ocean Tomo Patent ETF | 51.2 | $20.57 | $49,349 |
| 42 | EKH | HOLDRS Europe 2001 | 123.1 | $5.07 | $5,678 |
| 43 | MKH | HOLDRS Merrill Lynch Market 2000+ | 127.8 | $13.21 | $29,586 |
| 44 | WMH | HOLDRS Wireless | 125.7 | $16.68 | $26,180 |
| 45 | LD | iPath DJ-UBS Lead ETN | 32.6 | $6.73 | $115,134 |
| 46 | ERO | iPath EUR/USD Exchange Rate ETN | 46.4 | $6.55 | $32,744 |
| 47 | GBB | iPath GBP/USD Exchange Rate ETN | 46.4 | $4.85 | $117,012 |
| 48 | GRN | iPath Global Carbon ETN | 32.6 | $3.12 | $24,576 |
| 49 | TWON | IQ Taiwan Small Cap | 9.5 | $7.21 | $184,724 |
| 50 | MUAE | iShares 2016 S&P AMT-Free Muni Series | 13.9 | $17.73 | $111,442 |
| 51 | IFEU | iShares FTSE EPRA/NAREIT Europe | 39.9 | $11.20 | $116,624 |
| 52 | AXDI | iShares MSCI ACWI ex US Consumer Discr | 7.6 | $6.62 | $13,132 |
| 53 | AXSL | iShares MSCI ACWI ex US Consumer Staples | 7.6 | $3.03 | $32,454 |
| 54 | AXEN | iShares MSCI ACWI ex US Energy | 7.6 | $6.73 | $103,481 |
| 55 | AXFN | iShares MSCI ACWI ex US Financials | 13.4 | $2.56 | $2,727 |
| 56 | AXHE | iShares MSCI ACWI ex US Health Care | 7.6 | $5.76 | $17,190 |
| 57 | AXID | iShares MSCI ACWI ex US Industrials | 7.6 | $6.30 | $26,595 |
| 58 | AXIT | iShares MSCI ACWI ex US Info Technology | 7.6 | $6.13 | $56,357 |
| 59 | AXMT | iShares MSCI ACWI ex US Materials | 7.6 | $6.89 | $66,392 |
| 60 | AXTE | iShares MSCI ACWI ex US Telecom Services | 7.6 | $5.97 | $6,645 |
| 61 | AXUT | iShares MSCI ACWI ex US Utilities | 7.6 | $5.67 | $17,745 |
| 62 | EMFN | iShares MSCI Emerging Markets Financials | 13.4 | $13.54 | $55,056 |
| 63 | FEFN | iShares MSCI Far East Financials Sector | 13.4 | $2.69 | $4,741 |
| 64 | EIRL | iShares MSCI Ireland Cap. Investable Mkt | 9.9 | $6.58 | $164,747 |
| 65 | EUSA | iShares MSCI USA Index Fund | 9.9 | $1.42 | $42,009 |
| 66 | TZD | iShares S&P Target Date 2010 Index Fund | 28.2 | $4.75 | $22,069 |
| 67 | TZE | iShares S&P Target Date 2015 Index Fund | 28.2 | $11.56 | $115,011 |
| 68 | TZG | iShares S&P Target Date 2020 Index Fund | 28.2 | $13.54 | $81,270 |
| 69 | TZI | iShares S&P Target Date 2025 Index Fund | 28.2 | $12.08 | $62,515 |
| 70 | TZL | iShares S&P Target Date 2030 Index Fund | 28.2 | $12.23 | $57,947 |
| 71 | TZO | iShares S&P Target Date 2035 Index Fund | 28.2 | $5.27 | $25,045 |
| 72 | TZV | iShares S&P Target Date 2040 Index Fund | 28.2 | $12.41 | $69,452 |
| 73 | TGR | iShares S&P Target Date Retirement Inc. | 28.2 | $6.04 | $45,279 |
| 74 | CRBA | Jefferies|TR/J CRB Global Agriculture Equity | 16.3 | $11.02 | $227,255 |
| 75 | CRBI | Jefferies|TR/J CRB Global Ind Metals Equity | 16.3 | $4.87 | $77,046 |
| 76 | JFT | KEYnotes FT Enhanced 130/30 Large Cap ETN | 33.7 | $3.82 | $20,742 |
| 77 | URR | Market Vectors Double Long Euro ETN | 34.2 | $1.04 | $47,800 |
| 78 | INR | Market Vectors Indian Rupee/USD ETN | 35.9 | $5.46 | $69,575 |
| 79 | NASI | Pax MSCI North America ESG Index | 9.5 | $2.89 | $36,173 |
| 80 | PQZ | PowerShares Active Alpha Multi-Cap | 35.1 | $3.14 | $36,195 |
| 81 | PLK | PowerShares Active Low Duration | 35.0 | $11.40 | $107,247 |
| 82 | PMA | PowerShares Active Mega-Cap Portfolio | 35.0 | $3.99 | $53,668 |
| 83 | LBND | PowerShares DB 3x Long 25+ Treas ETN | 8.1 | $3.08 | $20,723 |
| 84 | AGA | PowerShares DB Agriculture Dbl Short ETN | 34.9 | $5.68 | $271,898 |
| 85 | AGF | PowerShares DB Agriculture Long ETN | 35.0 | $6.89 | $151,813 |
| 86 | ADZ | PowerShares DB Agriculture Short ETN | 34.9 | $2.25 | $47,523 |
| 87 | BDG | PowerShares DB Base Metals Long ETN | 32.9 | $1.71 | $22,350 |
| 88 | BOS | PowerShares DB Base Metals Short ETN | 32.8 | $2.87 | $39,229 |
| 89 | DEE | PowerShares DB Commodity Dbl Short ETN | 34.5 | $1.98 | $37,536 |
| 90 | DPU | PowerShares DB Commodity Long ETN | 34.5 | $7.66 | $58,217 |
| 91 | DDP | PowerShares DB Commodity Short ETN | 34.5 | $1.29 | $12,996 |
| 92 | PIC | PowerShares Dynamic Insurance | 65.0 | $16.32 | $79,514 |
| 93 | PJM | PowerShares Dynamic Small Cap | 51.7 | $17.72 | $94,941 |
| 94 | PSTL | PowerShares Global Steel Portfolio | 29.6 | $11.98 | $156,154 |
| 95 | PTO | PowerShares Ibbotson Alternative Completion | 33.8 | $9.47 | $41,696 |
| 96 | PYH | PowerShares Morningstar StockInvestor Core | 51.7 | $19.31 | $116,030 |
| 97 | XLBS | PowerShares S&P SmallCap Materials | 10.9 | $2.90 | $111,852 |
| 98 | SBM | ProShares Short Basic Materials | 11.6 | $3.66 | $24,310 |
| 99 | EFO | ProShares Ultra MSCI EAFE | 21.1 | $9.46 | $151,570 |
| 100 | UPV | ProShares Ultra MSCI Europe | 10.2 | $3.96 | $64,242 |
| 101 | UMX | ProShares Ultra MSCI Mexico Investable Mkt | 10.2 | $2.01 | $54,279 |
| 102 | UXJ | ProShares Ultra MSCI Pacific Ex-Japan | 10.2 | $3.76 | $64,778 |
| 103 | BIB | ProShares Ultra Nasdaq Biotechnology | 10.9 | $6.12 | $97,895 |
| 104 | UVU | ProShares Ultra Russell Midcap Value | 48.9 | $9.06 | $97,613 |
| 105 | UWC | ProShares Ultra Russell3000 | 20.2 | $8.57 | $70,722 |
| 106 | SMDD | ProShares UltraPro Short S&P MidCap400 | 12.7 | $3.32 | $672,318 |
| 107 | CMD | ProShares UltraShort DJ-UBS Commodity | 27.5 | $2.71 | $73,454 |
| 108 | RXD | ProShares UltraShort Healthcare | 49.7 | $4.05 | $87,522 |
| 109 | SMK | ProShares UltraShort MSCI Mexico | 20.7 | $2.66 | $99,363 |
| 110 | JPX | ProShares UltraShort MSCI Pacific ex-Japan | 20.7 | $2.64 | $28,330 |
| 111 | BIS | ProShares UltraShort Nasdaq Biotechnology | 10.9 | $2.45 | $46,196 |
| 112 | SFK | ProShares UltraShort Russell 1000 Growth | 48.9 | $4.63 | $54,564 |
| 113 | SJF | ProShares UltraShort Russell 1000 Value | 48.9 | $2.28 | $75,659 |
| 114 | SDK | ProShares UltraShort Russell Midcap Growth | 48.9 | $2.81 | $47,762 |
| 115 | SJL | ProShares UltraShort Russell Midcap Value | 48.9 | $1.94 | $13,176 |
| 116 | TWQ | ProShares UltraShort Russell3000 | 20.2 | $2.87 | $109,383 |
| 117 | TLL | ProShares UltraShort Telecom | 35.6 | $2.62 | $59,464 |
| 118 | SDP | ProShares UltraShort Utilities | 49.7 | $4.61 | $218,106 |
| 119 | RWV | RevenueShares Navellier Overall A-100 | 25.5 | $9.68 | $60,985 |
| 120 | RHS | Rydex S&P Equal Weight Cons Staples | 52.5 | $14.67 | $103,172 |
| 121 | IBND | SPDR Barclays International Corp Bond | 9.5 | $16.53 | $284,864 |
| 122 | KME | SPDR KBW Mortgage Finance ETF | 22.3 | $4.27 | $55,656 |
| 123 | VRD | SPDR Nuveen S&P VRDO Municipal Bond ETF | 17.4 | $9.01 | $100,643 |
| 124 | JPP | SPDR Russell/Nomura PRIME Japan | 52.2 | $8.66 | $77,425 |
| 125 | IPF | SPDR S&P International Financial | 31.7 | $6.50 | $44,261 |
| 126 | IRY | SPDR S&P International Health Care | 31.6 | $12.55 | $78,235 |
| 127 | IPU | SPDR S&P International Utilities | 31.6 | $8.90 | $32,096 |
| 128 | TDD | TDX Independence 2010 | 41.5 | $14.24 | $34,781 |
| 129 | TDX | TDX Independence In-Target | 41.5 | $15.81 | $44,724 |
| 130 | MLPG | UBS E-TRACS Alerian Natural Gas MLP ETN | 7.6 | $12.44 | $96,623 |
| 131 | UBN | UBS E-TRACS CMCI Energy TR ETN | 35.4 | $3.10 | $13,262 |
| 132 | UBG | UBS E-TRACS CMCI Gold TR ETN | 35.4 | $7.11 | $33,137 |
| 133 | UBM | UBS E-TRACS CMCI Industrial Metals TR ETN | 35.4 | $6.69 | $28,316 |
| 134 | UBC | UBS E-TRACS CMCI Livestock TR ETN | 35.4 | $5.24 | $20,953 |
| 135 | PTD | UBS E-TRACS CMCI Short Platinum ER ETN | 34.2 | $3.12 | $5,032 |
| 136 | USV | UBS E-TRACS CMCI Silver TR ETN | 35.4 | $7.66 | $134,938 |
| 137 | SPGH | UBS E-TRACS S&P 500 Gold Hedged Idx ETN | 13.2 | $11.89 | $22,395 |
| 138 | WXSP | Wilshire 4500 Completion ETF (Guggenheim) | 11.9 | $6.28 | $36,005 |
| 139 | WFVK | Wilshire 5000 Total Market ETF (Guggenheim) | 11.9 | $5.93 | $43,994 |
| 140 | WREI | Wilshire US REIT ETF (Guggenheim) | 11.9 | $11.48 | $140,179 |
| 141 | EU | WisdomTree Dreyfus Euro | 34.0 | $9.49 | $39,926 |
| 142 | JYF | WisdomTree Dreyfus Japan Yen | 33.8 | $6.37 | $44,723 |
Data sources: AUM from National Stock Exchange, daily prices and volume of individual ETPs from Norgate Premium Data, and all other information compiled by Invest With An Edge.
Past issues of ETF Deathwatch are available here.
Disclosure covering writer, editor, and publisher: No positions in any of the securities mentioned. No positions in any of the companies or ETF sponsors mentioned. No income, revenue, or other compensation (either directly or indirectly) received from, or on behalf of, any of the companies or ETF sponsors mentioned.
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